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Shareholder's Equity (Tables)
9 Months Ended
Nov. 30, 2013
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine month periods ended November 30, 2013 and 2012 (in thousands, except per share data):

 

           Weighted         
           Average      Earnings (Loss)  
     Net     Common Shares      Per  
     Income (Loss)     Outstanding      Share  

Three months ended November 30, 2013

       

Basic-continuing operations

   $ (812     7,593       $ (0.11

Basic-discontinued operations

     196           0.03   

Effect of dilution:

       

Options

     —          16         0.00   
  

 

 

   

 

 

    

 

 

 

Diluted

   $ (616     7,609       $ (0.08
  

 

 

   

 

 

    

 

 

 

Three months ended November 30, 2012

       

Basic-continuing operations

   $ (636     7,566       $ (0.08

Basic-discontinued operations

     784           0.10   

Effect of dilution:

       

Options

     —          49         0.00   
  

 

 

   

 

 

    

 

 

 

Diluted

   $ 148        7,615       $ 0.02   
  

 

 

   

 

 

    

 

 

 

Nine months ended November 30, 2013

       

Basic-continuing operations

   $ (1,915     7,590       $ (0.25

Basic-discontinued operations

     2,563           0.34   

Effect of dilution:

       

Options

     —          24         0.00   
  

 

 

   

 

 

    

 

 

 

Diluted

   $ 648        7,614       $ 0.09   
  

 

 

   

 

 

    

 

 

 

Nine months ended November 30, 2012

       

Basic-continuing operations

   $ (1,911     7,571       $ (0.25

Basic-discontinued operations

     2,361           0.31   

Effect of dilution:

       

Options

     —          53         0.00   
  

 

 

   

 

 

    

 

 

 

Diluted

   $ 450        7,624       $ 0.06